Utah Retirement Systems Buys Shares of 63,570 LegalZoom.com, Inc. (NASDAQ:LZ)

Utah Retirement Systems acquired a new position in LegalZoom.com, Inc. (NASDAQ:LZ - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 63,570 shares of the company's stock, valued at approximately $477,000.

A number of other institutional investors also recently bought and sold shares of LZ. Aigen Investment Management LP bought a new position in LegalZoom.com in the 4th quarter worth approximately $76,000. Olympiad Research LP purchased a new position in LegalZoom.com during the fourth quarter valued at $78,000. Quantessence Capital LLC bought a new stake in LegalZoom.com in the 4th quarter valued at $78,000. Sei Investments Co. bought a new stake in LegalZoom.com in the 4th quarter valued at $83,000. Finally, Cibc World Markets Corp bought a new position in shares of LegalZoom.com during the 4th quarter valued at about $90,000. 81.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on LegalZoom.com from $9.00 to $11.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. JMP Securities restated a "market perform" rating on shares of LegalZoom.com in a report on Friday, April 11th. William Blair reaffirmed a "market perform" rating on shares of LegalZoom.com in a report on Thursday, February 27th. Morgan Stanley boosted their price objective on LegalZoom.com from $7.00 to $8.00 and gave the stock an "underweight" rating in a research note on Friday. Finally, Barclays lifted their target price on LegalZoom.com from $8.00 to $9.00 and gave the stock an "equal weight" rating in a report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $9.19.

LegalZoom.com Stock Down 0.3 %

LZ traded down $0.03 on Friday, reaching $8.93. 1,984,522 shares of the company traded hands, compared to its average volume of 1,850,970. The company has a market cap of $1.57 billion, a P/E ratio of 68.70, a price-to-earnings-growth ratio of 1.73 and a beta of 1.14. LegalZoom.com, Inc. has a one year low of $5.33 and a one year high of $10.60. The firm has a fifty day simple moving average of $8.21 and a two-hundred day simple moving average of $8.22.

LegalZoom.com (NASDAQ:LZ - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.13. The firm had revenue of $183.11 million during the quarter, compared to analyst estimates of $176.17 million. LegalZoom.com had a return on equity of 32.88% and a net margin of 3.61%. LegalZoom.com's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 earnings per share. On average, equities analysts forecast that LegalZoom.com, Inc. will post 0.25 earnings per share for the current year.

About LegalZoom.com

LegalZoom.com, Inc, together with its subsidiaries, operates an online platform that supports the legal, compliance, and business management needs of small businesses and consumers in the United States. The company's platform offers business formation products, such as limited liability company, incorporation of C and S corporations, nonprofit formations, doing-business-as, corporate changes and filings, business licenses, legal forms, and beneficial ownership information reports; intellectual property products consisting of trademark and patent applications, and copyright registrations; and tax services, including business and personal tax preparations.